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Before the file moves forward, Jamie must resolve an issue involving FHA loan-program requirements. What should happen?

Correct Answer

A) Check FHA occupancy and eligibility requirements

FHA loans are HUD-insured loans governed by FHA policy and mortgage-insurance rules. The best answer is "Check FHA occupancy and eligibility requirements".

Answer Options
A
Check FHA occupancy and eligibility requirements
B
Apply a different loan-program rule without checking the file facts.
C
Ignore product, occupancy, LTV, or eligibility limits because the borrower prefers the loan.
D
Use the same treatment for all mortgage products without comparing program requirements.

Why This Is the Correct Answer

FHA loans are HUD-insured loans governed by FHA policy and mortgage-insurance rules. The best answer is "Check FHA occupancy and eligibility requirements".

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